Actuary, Lexington Casualty

We are seeking an actuarial professional with industry expertise to assist with pricing the Lexington Casualty business.  The Actuary will be responsible for profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements.  They will partner with other pricing actuaries in implementing best practices analytical techniques, partner with reserving actuaries in assessing the impact of loss trends and claims emergence, and partner with underwriters in assessing the impact of changes in appetite and portfolio mix.

Key Responsibilities:

• Analyze the profitability of E&S casualty industries including Energy, Products Liability, Construction, General Casualty, Public Entities, and Transportation for GL and AL.
• Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
• Monitor rate, exposure, retention, new, lost business changes.  Monitor loss trends and relevant industry/regulatory changes and effectively communicate to the management.
• Provide business solutions to maximize risk adjusted profit.  Develop analytical tools to help business effectively manage existing portfolios.
• Work closely with reserving actuaries to understand reserve development and inform them of pricing and underwriting actions that will impact reserve estimates.
• Monitor and examine profitability of the casualty lines by industry segment and geography.
• Research and develop best practices pricing techniques, including GLMs, to be implemented across the business.
• Train junior staff.

Qualifications:

• BS in Actuarial Science, Mathematics, Statistics, or related area
• ACAS, or near ACAS
• 4+ years of actuarial experience in commercial lines P&C insurance, commercial property pricing or reserving experience preferred
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Proficiency in Excel, SQL, Python, R, or other programming languages preferred
• Solid understanding of catastrophe modeling fundamentals
• Strong business and collaboration skills and responsive to service needs and operational demands
• Effective time management skill
• Excellent communication, presentation, and interpersonal skills
• Customer focus

#LI-DG1

A look at our Benefits

We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 24 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

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We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

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Functional Area:

AC - Actuarial

Estimated Travel Percentage (%):  Up to 25%

Relocation Provided:  No

National Union Fire Insurance Co of Pittsburgh, PA